Why Is Integrated Reporting Important For Sustainability?

Leave a Comment / Financial Reporting /

Why Is Integrated Reporting Important For Sustainability? It was soon realised that sustainable development goals which require long-term planning and a cooperative approach could not be achieved with the decisions and practices of the state only. Accordingly, the notion of corporate sustainability, which was defined for sustainable development for macro-scale states, in parallel with micro-scale […]

Why Is Integrated Reporting Important For Sustainability? Read More »

Auditing an organization’s governance and ethics

Leave a Comment / Governance /

We have no universally accepted definition of the word “governance.” The Institute of Internal Auditors (IIA) defines corporate governance as “the combination of processes and structures implemented by the board to inform, direct, manage, and monitor the activities of the organization toward the achievement of its objectives.” While many organizations throughout the world follow this definition, others

Auditing an organization’s governance and ethics Read More »

Coordinating risk management around risks that matter – The value of assurance

Leave a Comment / Risk Management /

Hazards A hazard can be anything – whether work materials, equipment, work methods or practices – that has the potential to cause harm. Risks A risk is the chance, high or low, that somebody may be harmed by the hazard. Risk assessment Risk assessment is the process of evaluating risks to workers’ safety and health

Coordinating risk management around risks that matter – The value of assurance Read More »

Cambridge University moves all lectures online until summer 2021

Leave a Comment / General /

By Ewan Somerville The university said “given that it is likely that social distancing will continue to be required, the University has decided there will be no face-to-face lectures during the next academic year.” Tutors have been told that lectures will be held virtually, including live-streams. However, the institution still plans to hold seminars, work

Cambridge University moves all lectures online until summer 2021 Read More »

Stock Splits

Leave a Comment / Financial Reporting /

STOCK SPLIT http://www.gmsisuccess.com What is a Stock Split? All publicly traded companies have a certain number of shares outstanding that are issued and purchased by the investors. When a company’s board of directors decides to split its stock, it basically increases the number of shares outstanding by issuing additional shares to current shareholders. During stock

Stock Splits Read More »

Why Management Accountants Can Play Important Role for application of Six Sigma in Industry

Leave a Comment / Six Sigma /

The nature of business has changed dramatically since the late 1980s when the United States’ lead in productivity was subjected to increasingly direct foreign competition from Asian and European industries. The American response to these challenges has been twofold. First, industries in the United States have moved production of less-complex standardized goods to foreign plants

Why Management Accountants Can Play Important Role for application of Six Sigma in Industry Read More »

Challenges faced by senior management and the Board in understanding fraud

Leave a Comment / Risk Management /

Enhanced focus on the consideration of fraud risks: • Fraud risk is not considered top of the Board’s agenda due to the perceived low cost of losses due to fraud; • Inordinate reliance on internal audit teams to tackle fraud risks; • Limited understanding of what constitutes an effective fraud risk management program. *Assess the

Challenges faced by senior management and the Board in understanding fraud Read More »

Accounting Information Systems and Internal Control

Leave a Comment / Internal Control /

The accounting information systems that company’s use to pull all of this wonderful accounting information together and make it available to internal and external users.  We will also learn about the internal controls that are built into the accounting information system to ensure the reliability of the financial information, the effectiveness and efficiency of operations

Accounting Information Systems and Internal Control Read More »

Internal audit failure leads to corporate governance failure

Leave a Comment / Internal Audit /

Toshiba – a case of internal audit failure Toshiba, a 140-year-old pillar of Japan Inc, is caught up in the country’s biggest accounting scandal since 2011. In 2011, Olympus Corp was embroiled in a scandal. In July 2015, Toshiba Corp president Hisao Tanaka and his two predecessors quit after investigators found that the company inflated

Internal audit failure leads to corporate governance failure Read More »

How might driver-based forecasting—an approach that bases financial forecasts on operational drivers

Leave a Comment / Management Accountant /

How might driver-based forecasting—an approach that bases financial forecasts on operational drivers—support your company’s performance management needs? In the following Q&A—based on questions asked by participants during a live webcast on the topic—we discuss driver-based forecasting, the business models that lend themselves to this approach, and alternative planning and forecasting approaches. We have a very

How might driver-based forecasting—an approach that bases financial forecasts on operational drivers Read More »